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What The NFP Means For FOMC Minutes
Normally, traders pay close attention to the release of the FOMC’s minutes to see where the future rate policy might be going. However, the situation might be slightly different this time around. Job creation numbers have far exceeded expectations two months in a row. Not only did NFP net job creation beat generous estimates, but the prior month’s result was also upgraded as well. Why we want to pay attention The consensus at the Fed is that job growth is the primary concern. Several members have even said that they are willing to keep rates on hold and continue intervention to promote jobs, even if inflation ... (full story)